KWM advises ANZ on its $3.5b equity raising to help fund its acquisition of Suncorp Bank

AU | EN
Current site :    AU   |   EN
Australia
China
China Hong Kong SAR
Japan
Singapore
United States
Global

King & Wood Mallesons has advised ANZ on its $3.5b equity capital raising to help fund ANZ’s acquisition of Suncorp Bank – Australia’s biggest banking sale in more than a decade.

The equity raising – structured as an accelerated renounceable entitlement offer with retail entitlements trading – is the largest equity capital raising in Australia this year and once of the largest ever rights issues in Australia. It builds on KWM’s long-standing relationship with ANZ (KWM having acted on all of ANZ’s retail hybrid security offers over the past decade) and KWM’s premier track record of advising on many of Australia’s largest secondary capital raisings. 

The team was led by partners Joseph Muraca and Jack Hill with support from Caroline Tait, Stacey Stellatos, Sharee Darwinkel, James Atcheson and Conor O’Sullivan among others.

Reflecting on the transaction, Joseph Muraca said “We are absolutely delighted to partner again with ANZ on its most significant transaction since it acquired ANZNZ. It was an honour to be considered one of their team, working seamlessly together to achieve a great outcome for the bank.”

MEDIA CONTACT